Private Trust Co. NA trimmed its holdings in shares of Ulta Beauty, Inc. (NASDAQ:ULTA – Free Report) by 45.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 73 shares of the specialty retailer’s stock after selling 61 shares during the quarter. Private Trust Co. NA’s holdings in Ulta Beauty were worth $36,000 as of its most recent filing with the SEC.
A number of other hedge funds have also bought and sold shares of the business. Bradley Foster & Sargent Inc. CT increased its position in Ulta Beauty by 1.6% during the fourth quarter. Bradley Foster & Sargent Inc. CT now owns 1,260 shares of the specialty retailer’s stock worth $591,000 after acquiring an additional 20 shares during the period. Raleigh Capital Management Inc. increased its position in Ulta Beauty by 4.3% during the third quarter. Raleigh Capital Management Inc. now owns 535 shares of the specialty retailer’s stock worth $214,000 after acquiring an additional 22 shares during the period. Pathstone Family Office LLC increased its position in Ulta Beauty by 0.8% during the fourth quarter. Pathstone Family Office LLC now owns 2,852 shares of the specialty retailer’s stock worth $1,338,000 after acquiring an additional 22 shares during the period. Pinnacle Associates Ltd. increased its position in Ulta Beauty by 0.8% during the fourth quarter. Pinnacle Associates Ltd. now owns 2,828 shares of the specialty retailer’s stock worth $1,386,000 after acquiring an additional 23 shares during the period. Finally, Wetherby Asset Management Inc. increased its holdings in Ulta Beauty by 4.9% in the 1st quarter. Wetherby Asset Management Inc. now owns 491 shares of the specialty retailer’s stock valued at $268,000 after buying an additional 23 shares during the period. 90.39% of the stock is owned by institutional investors.
Insider Buying and Selling at Ulta Beauty
In other Ulta Beauty news, COO Kecia Steelman sold 20,950 shares of the company’s stock in a transaction dated Tuesday, March 19th. The shares were sold at an average price of $526.39, for a total transaction of $11,027,870.50. Following the sale, the chief operating officer now directly owns 10,494 shares of the company’s stock, valued at $5,523,936.66. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, insider Anita Jane Ryan sold 3,102 shares of the stock in a transaction dated Tuesday, March 19th. The shares were sold at an average price of $525.25, for a total value of $1,629,325.50. Following the sale, the insider now directly owns 2,705 shares of the company’s stock, valued at $1,420,801.25. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, COO Kecia Steelman sold 20,950 shares of the stock in a transaction dated Tuesday, March 19th. The stock was sold at an average price of $526.39, for a total transaction of $11,027,870.50. Following the completion of the sale, the chief operating officer now directly owns 10,494 shares in the company, valued at $5,523,936.66. The disclosure for this sale can be found here. Insiders have sold a total of 24,552 shares of company stock valued at $12,920,326 over the last three months. 0.34% of the stock is currently owned by insiders.
Analyst Ratings Changes
Several equities analysts have commented on the stock. Evercore ISI decreased their target price on shares of Ulta Beauty from $656.00 to $635.00 and set an “outperform” rating on the stock in a report on Friday, March 15th. UBS Group lifted their target price on shares of Ulta Beauty from $575.00 to $690.00 and gave the stock a “buy” rating in a research report on Tuesday, March 5th. Loop Capital upgraded shares of Ulta Beauty from a “hold” rating to a “buy” rating and set a $540.00 target price on the stock in a research report on Monday. Jefferies Financial Group cut their target price on shares of Ulta Beauty from $610.00 to $585.00 and set a “buy” rating on the stock in a research report on Wednesday. Finally, JPMorgan Chase & Co. boosted their price target on shares of Ulta Beauty from $535.00 to $600.00 and gave the stock an “overweight” rating in a research report on Thursday, February 15th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $570.70.
Check Out Our Latest Research Report on ULTA
Ulta Beauty Stock Performance
Shares of NASDAQ:ULTA opened at $447.91 on Friday. The company’s 50-day moving average is $521.88 and its 200 day moving average is $466.36. The company has a market capitalization of $21.62 billion, a P/E ratio of 17.19, a price-to-earnings-growth ratio of 1.86 and a beta of 1.30. Ulta Beauty, Inc. has a fifty-two week low of $368.02 and a fifty-two week high of $574.76.
Ulta Beauty (NASDAQ:ULTA – Get Free Report) last released its quarterly earnings data on Thursday, March 14th. The specialty retailer reported $8.08 EPS for the quarter, beating the consensus estimate of $7.49 by $0.59. The business had revenue of $3.55 billion for the quarter, compared to the consensus estimate of $3.53 billion. Ulta Beauty had a net margin of 11.52% and a return on equity of 61.64%. The company’s revenue was up 10.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $6.68 earnings per share. As a group, research analysts predict that Ulta Beauty, Inc. will post 26.76 earnings per share for the current year.
Ulta Beauty announced that its Board of Directors has initiated a share repurchase program on Thursday, March 14th that permits the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization permits the specialty retailer to purchase up to 7.3% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s management believes its stock is undervalued.
Ulta Beauty Company Profile
Ulta Beauty, Inc operates as a specialty beauty retailer in the United States. The company offers branded and private label beauty products, including cosmetics, fragrance, haircare, skincare, bath and body products, professional hair products, and salon styling tools through its Ulta Beauty stores, shop-in-shops, Ulta.com website, and its mobile applications.
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